Flare (FLR) Explained: Everything You Need to Know Before Investing by Founder Hugo Philion

Flare (FLR) is an EVM-compatible Layer 1 blockchain designed to enhance interoperability between different blockchains and decentralized applications (dApps). It provides developers with secure, decentralized access to high-integrity data from other chains and the internet, enabling the creation of more versatile and powerful dApps. Flare's native token, FLR, is utilized for network transaction fees, staking, and governance participation. As of January 10, 2025, FLR is trading at approximately $0.0228, with a 24-hour trading volume around $12 million. The circulating supply is about 56.8 billion FLR, resulting in a market capitalization of approximately $1.3 billion. Flare introduces two key protocols to facilitate its interoperability goals: - **Flare Time Series Oracle (FTSO):** Provides highly decentralized price and data feeds to dApps on Flare without relying on centralized providers. - **State Connector:** Enables secure, scalable, and decentralized acquisition of event information from other blockchains and the internet, making it available to dApps on the network. These protocols aim to unlock the full potential of blockchain technology by providing reliable access to cryptocurrency prices, detailed transaction information from other chains, and web2 event data, allowing developers to build applications that can provide more utility to a larger group of users. Credit: ‎‎‎‎‎‎@aroundthecoin Full Podcast: ‎‎‎https://youtu.be/Rre2I8QmbYk?si=SfmVfed0T16Oc8To We repurpose podcast clips to add value and share meaningful insights with audience. If you own the content and have any concerns or issues regarding the use of your video clips, please feel free to contact us for content removal request at teamsavansojitra@gmail.com We are committed to addressing your concerns promptly and respectfully.